NFTs

Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.


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Let’s Get 'Phygital': Combining the Physical and Digital in Web3

The new portmanteau speaks to experiences that bridge the gap between the virtual and the real world, like sneakers that exist in both the metaverse and on your feet.

(Dall-e/CoinDesk)

Web3

Magic Eden Launches Protocol to Enforce Creator Royalties

The top marketplace for Solana NFTs had moved to an optional creator royalty model in October.

(Pixabay modified by CoinDesk)

Web3

Coinbase Disables Mobile NFT Transfers, Citing Apple’s App Store Policies

The exchange said Apple is demanding it pay a 30% tax on gas fees used to transfer NFTs.

A mockup of a Coinbase NFT profile page. (Coinbase)

Web3

NFTs IRL: How Digital Collectibles Are Forging Offline Experiences

From solving problems in the hospitality industry to organizing intimate gatherings for music fans, brands are finding new ways to use non-fungible tokens for real-world perks.

(Dall-E/CoinDesk)

Web3

NFT Trading Goes Live on Uniswap With $5M Airdrop

The decentralized exchange is giving the funds to past users of Genie, the NFT marketplace aggregator it acquired in June.

Uniswap unicorn balloon (Getty Images)

Web3

OpenSea Adds Support for BNB Chain NFTs

BNB Chain, one of the largest blockchains by daily active users, will allow sales of its non-fungible tokens on OpenSea by the end of the year.

OpenSea logo on phone (Unsplash)

Finance

TIME President Keith Grossman Joins Crypto Payments Startup MoonPay

Grossman announced via Twitter that he is to become MoonPay's president of enterprise following a three and half year tenure as TIME's president

TIME Magazine President Keith Grossman (CoinDesk)

Web3

ApeCoin DAO Launches Community-Driven NFT Marketplace

The platform offers features built especially for the Bored Ape Yacht Club and Otherside communities, its CEO said.

(The British Library, modified by CoinDesk)